Encana Corporation (NYSE:ECA) : Average target price received by Encana Corporation (NYSE:ECA) is $8.96 with an expected standard deviation of $2.55. The most aggressive target on the stock is $15, whereas the most downbeat target is $6. 13 financial analysts are currently covering the stock.
Encana Corporation has lost 6.37% in the last five trading days and dropped 1.83% in the last 4 weeks. Encana Corporation is up 28.15% in the last 3-month period. Year-to-Date the stock performance stands at 53.76%. Also, Equity Analysts at the Brokerage Firm, Macquarie, downgrades their rating on the shares of Encana Corporation (NYSE:ECA). Macquarie has a Underperform rating on the shares. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 23, 2016.
Encana Corporation (NYSE:ECA) has an average broker rating of 2.6, which is interpreted as a Hold, as rated by 15 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 6 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 3 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Encana Corporation (NYSE:ECA): The stock opened at $8.05 on Thursday but the bulls could not build on the opening and the stock topped out at $8.06 for the day. The stock traded down to $7.72 during the day, due to lack of any buying support eventually closed down at $7.79 with a loss of -3.83% for the day. The stock had closed at $8.10 on the previous day. The total traded volume was 12,132,043 shares.
Encana Corporation is engaged in the business of the exploration, development, production and marketing of natural gas, oil and natural gas liquids (NGLs). The Company operates through three business segments: Canadian Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within Canada; USA Operations, which includes the exploration for, development of, and production of natural gas oil and NGLs and other related activities within the United States and Market Optimization, which includes third-party purchases and sales of products that provide operational flexibility for transportation commitments, product type, delivery points and customer diversification. Market Optimization sells all of the Companys upstream production to third-party customers. Its growth assets include Permian; Tuscaloosa Marine Shale; Eagle Ford; Montney; Duvernay; DJ Basin, and San Juan.